Question
Which bank received a $500million loan from the
International Finance Corporation (IFC) for microloans to underserved women?Solution
According to available information, the bank that received a $500 million loan from the International Finance Corporation (IFC) for microloans to underserved women is HDFC Bank. The IFC provided this loan specifically to enable HDFC Bank to extend microloans to women borrowers through their "Sustainable Livelihoods Initiative" program, targeting self-help groups and joint liability groups. Â
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